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Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

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Message: Margin Accounts

As our share price is getting close to the $2.00 level, I am concerned that if we fall below that level we will drop even moreso. While many brokerages have the requirement for stocks to be above $3 in order for it to be maginable there are also many that allow margin on $2 stocks.

With the haircut the markets have taken the last 2 weeks there are I am sure many margin calls. If SLI falls below $2.00 that may necessitate margin calss for some shareholders, resulting in shares being sold from our "long" shareholders. If this occurs it is my opinion that there is not enough bids to maintain the price near current levels

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Nov 23, 2011 02:35PM
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